Neodymium Oxide Prices - Aug. 15, 2019

The terbium oxide, neodymium oxide and praseodymium neodymium metal continued to decline on quiet market trading and the impact of heavy rains. At the time of off-season in August, the consumption of downstream magnetic materials enterprises was relatively weak. In addition, due to the instability of Sino-US economic and trade consultations, the confidence in the strategic metal market was slightly loose. Most of the holders’ quotations were slightly reduced. 

However, under the typhoon high-temperature rainstorms and environmental protection inspectors, the mining efficiency of most mining enterprises has decreased, and the growth rate of spot stocks has slowed down accordingly. This has made market participants have little hope for the market to return to the market.

Prices of rare earth products on Aug. 15, 2019

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Picture of cerium oxide

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